Focus Financial Network Inc. Boosts Stake in SPDR Portfolio Emerging Markets ETF

Focus Financial Network Inc. has increased its investment in the SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.1% during the third quarter of this year, according to a report from HoldingsChannel. After acquiring an additional 854 shares during this period, the institutional investor now holds 6,906 shares of the ETF’s stock. At the conclusion of the most recent quarter, Focus Financial Network Inc.’s holdings in the SPDR Portfolio Emerging Markets ETF were valued at approximately $285,000.

Several other institutional investors have also made adjustments to their positions in the ETF. For instance, Rothschild Investment LLC established a new position in the SPDR Portfolio Emerging Markets ETF during the second quarter, investing about $27,000. Similarly, Lynx Investment Advisory bought a new stake valued at roughly $35,000, and Hershey Financial Advisers LLC purchased a new position worth around $49,000. American National Bank raised its stake in the ETF by an impressive 132.0% during the second quarter, increasing its holdings to 1,793 shares valued at $68,000 after adding 1,020 shares. Another notable investor, SouthState Corp, also made a new investment in the ETF, amounting to approximately $86,000 during the same period.

Current Performance of SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF’s stock opened at $40.25 on Monday. The fund has a fifty-day moving average of $39.98 and a 200-day moving average of $38.52. Over the past year, the ETF has seen a low of $32.99 and a high of $42.88. With a market capitalization of $9.56 billion, the ETF has a price-to-earnings (P/E) ratio of 13.05 and a beta of 0.81.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that aims to track the S&P Emerging Markets BMI Index. This ETF is designed to provide investors with exposure to a diverse array of emerging market companies, weighted by market capitalization. SPEM was first launched on March 19, 2007, and is managed by State Street.

Additional Insights

To find out more about other hedge funds investing in SPEM, or to stay updated with the latest news and insider trades related to the SPDR Portfolio Emerging Markets ETF, you may want to visit financial news websites that provide such information regularly.

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